Wednesday 17 August 2016

EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 17 AUG 2016

Ref.Soya oil trading range for the day is 648-664. Ref soyoil prices ended with gains as support came after a monthly NOPA report showed that supplies were tighter than expected. The pace of U.S. soybean processing fell below market forecasts during July and came in lower than a year earlier. According to NOPA, U.S. July soybean crush fell to 143.715 million bushels from 145.050 million bushels in June, down by 1 percent m-o-m. At the Indore spot market in Madhya Pradesh, soyoil was steady at 643.3 rupees per 10 kgs.
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